Page:United States Statutes at Large Volume 13.djvu/356

 328 THIRTY-EIGHTH CONGRESS. Sess. I. Ch. 190. 1864. Passenger- such passengenrooms, ticket-offices, stables, and depots at such points as g’g‘“S#°H‘°€S> the business of the railroad and the convenience of the public may re. ` quire. And the said company is hereby authorized to lay such rails through transverse or other streets as may be necessary for the exclusive purpose of connecting the said stables and depots with the main tracks. And the said company is hereby authorized to purchase or lease such lands or buildings as may be necessary for the passenger-rooms, ticketoffices, stables, and depots above mentioned. 1a,rt_i¢l¤s<>ftv=¤l¤e Sec. 1]. And be it further enacted, That all articles of value that C;f€Q°I%’fS ° be may be inadvertently left in any of the cars or other vehicles of the said company shall be taken to their principal depot, and entered in a, book of record of unclaimed goods, which book shall be' open to the inspection of the public at all reasonable hours of business. Books ofsub— Sec. 12. And be it further enacted, That within five days after the g`;gQ;f" m be passage of this act the corporators named in the iirst section, or a majority of them, or if any refuse or neglect to act,•then a majority of the remainder, shall cause books of subscription to the capital stock of said company to be opened and kept open, in some convenient and accessible place in the city of Washiiigton, from nine o’clock in the forenoon till five o’clock in the afternoon, for a period to be fixed by said corporators, not less than two days, unless the whole stock shall be sooner subscribed for, and said corporators shall give public notice, by advertisement in the l daily papers published in the city of Washington, of the time when and b9Ss¤;g>;§p;>i;";l_;° the place where said books shall be opened. And subscribers upon said ‘books to the capital stock of the company shall be held to be stockholders: Provided, That every subscriber shall pay at the time of subscribing twenty-five per centum of the amount by him subscribed to the treasurer appointed by the corporators, or his subscription shall be null and void: Provided, jarther, That nothing shall be received in payment of the twenty-five per centum at the time of subscribing except money: Provided, further, That no person shall be allowed to subscribe for more than fifteen thousand dollars. And when the books of subscription to the capital stock of said company shall be closed, the corporators named in the first section, or a majority of them, and in case any of them refuse or neglect to act, then a majority of the remainder, shall, within twenty First m€¤¤¤S· days thereafter, call the first meeting of the stockholders of said company, to meet within ten days thereafter for the choice of directors, of which public notice shall be given for Eve days in two public newspapers published daily in the city of Washington, or by written personal notice to each stockholder by the clerk of the corporation. And in all meetings of the stockholders each share shall entitle the holder to one vote, to be given in person or by proxy. Sec. 13. And be it further enacted, That the government and direction Directors. of the aifairs of the company shall be vested in the board of directors, seven in number, who shall be stockholders, and who shall hold their ofzlice for one year, and till others are duly elected and qualified to take their places as directors. And the said directors (a majority of whom, the president Quormn- being one, shall be a quorum) shall elect one of their number to be president of the board, who shall also be president of the company; and they T¤¢¤$¤*€’· shall also choose a treasurer-, who shall give bonds with surety to said company, in such sum as the said directors may require, for the faithful Vacancies. discharge of his trust. In case of a vacancy in the board of directors by the death, resignation, or otherwise, of any director, the vacancy occasioned thereby shall be filled by the remaining directors. Sec. 14. And be it further enacted, That the directors shall have full By-laws. power to make and prescribe such by-laws, rules, and regulations as they shall deem needful and proper, touching the disposition and management of the stock, property, estate, and effects of the company, not contrary to the charter, or to the laws of the United States and the ordinances of